Purdue Student Publishing Foundatio N

Analysis

Purdue Student Publishing Foundatio N is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in December 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Purdue Student Publishing Foundatio N reported income of $818k and spending of $946k, spending 116% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $616k to $818k (+33%), an average of +7.3% a year. The sharpest change came in the year to May 2024, when income rose by 124%. Over the whole period it spent 156% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Purdue Student Publishing Foundatio N sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Rio Grande Foundation Inc ($818k), Trinity Center Inc ($819k) and Sno King Youth Club ($818k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $75k (7.9% of expenses). Other salaries and wages came to $362k. At year end it held assets of $4.1m against liabilities of $31k, net assets of $4.1m. It reported 140 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.